16 July 2013
THE ASSESSEE SOLD AN HOUSE PROPERTY(LONG TERM) ON 05-12-2012 FOR RS.500000.00.NOW HE WANTS TO CLAIM EXEMPTION U/S 54EC.IF HE PURCHASED A BOND ON 20-07-2013,THEN WHETHER HE IS ELIGIBLE FOR CLAIMING EXEMPTION U/S 54EC.IF YES,GIVE A SUITABLE ANSWER WITH REASONS.
16 July 2013
Yes. he is eligible to get exemption under 54EC if he deposit the amount of capital gain in capital gain account scheme/purchase of bonds with in duedate of filing of return
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